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This isn’t PADL’s most recent raise. Reg CF · Preferred Stock · Jan 2022 (Closed) is more current.View latest round
PADL

Reg CF · Convertible Note · Dec 2020

ClosedReached targetReg CFConvertible Note
via SeedInvestView campaign
Raised
$115.2K / $1.1M max
11% of ceiling · target hit day 1
Investors
—
—
Valuation cap
$5M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$269K$135K$0
1.0K5000
Dec 14, 2020 · openedFeb 19, 2021 · last reading
Target ($25K) hit — Dec 15, 2020, day 1Deadline Feb 26, 2021 — 7 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via SeedInvest; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2018–FY2019 · hover for source
$100
−$29K
FY2018
$3K
−$40K
FY2019
RevenueNet income
Metric
FY2018
FY2019 reviewed*
Income statement
Revenue
$100
$2,783
Cost of goods sold
$0
$0
Gross margin
100%
100%
Net income
-$28,891
-$39,548
Taxes paid
$0
$0
Balance sheet
Cash
$5,741
$1,630
Accounts receivable
$0
$24
Total assets
$235,444
$311,148
Short-term debt
$33,205
$53,133
Long-term debt
$94,682
$183,575
Total liabilities
$127,887
$236,708
Other
Headcount
—
3

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Valuation cap$5M
Conversion discount20%
Interest rate9%

Offering details

Target$25,000
Max$1,070,000
Min investment$1,000
OpenedDec 14, 2020
DeadlineFeb 26, 2021
ClosedFeb 19, 2021
Days active67

Links & provenance

Campaign pageSEC filing
Source: Manual
0001831335-20-000001

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.